Jeb Bush: Obama Can Be Defeated in 2012

Former Florida Gov. Jeb Bush says President Barack Obama can be denied a second term in the White House, but he won't be the Republican candidate to do it.

According to the Dallas Morning News, Bush spoke Friday night in Dallas and admitted that no GOP presidential hopeful had yet emerged as a serious threat to Obama's re-election bid. But Bush said he thinks that will change.

"The president has some serious headwinds," Bush said. "Eighty percent of Americans think we're on the wrong track. There's a deep cloud of pessimism that exists. That doesn't all occur to his detriment, but a lot of it does. ...

"As the campaign gets closer to reality and as candidates prove themselves, one or two will emerge as serious challengers to the president. He'll be formidable, but I think he can be beat for sure."